Global Payments Inc Raises FY 2013 EPS Guidance; Reaffirms FY 2013 Revenue Guidance

Global Payments Inc announced that it has increased its full-year expectations for fiscal 2013 diluted earnings per share on a cash basis by three cents to a range of $3.64 to $3.71, or growth of 3% to 5% over fiscal 2012. On a constant currency basis, the company expects diluted earnings per share (EPS) on a cash basis to grow 5% to 7%. Fiscal 2013 GAAP diluted earnings per share, excluding the impact of all intrusion remediation costs, are now expected to be in a range of $3.04 to $3.11. There were no changes to the company's fiscal 2013 revenue. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $3.69 on revenue of $2.39 billion for fiscal 2013.